Yeah I have learned a lot from my gambling mistakes and now that is the reason I have quit gambling as I am now aware that there is no shortcut to earn money and the money which I am loosing in gambling will never be recovered so its better to stay away from it.
Interesting that you quit gambling so easily, otherwise it is too much hard and difficult to quit gambling once you become addicted to gambling. I ha ve seen people who are addicted to gambling and are playing gambling for more than 30 years, although they want to stop playing gambling any more, but it is in fact not so easy. Some time they stop it, but they succeeded for few days only. Oh ho! It is very sad that people are that much addicted to gambling. Thirty years is a big time period and you cannot change your habit if it is been practiced for thirty years. Hats off to this guys who has easily get over this weakness of him otherwise people don’t stop gambling until and unless they lose their most precious possessions. We should start spreading awareness about the side effects of gambling. I grow up near a Cockpit Arena and I've seen same faces since I was a kid and up to till know goes in that Arena, I wonder how long they've been addicted to that kind of gambling but for sure its already long. It's obvious that they are already addicted in cockfighting and its becoming their routine to do it every Sunday and my father is one of them. He is so addicted to cockfighting that to the point he goes to another places just to join tournament and sometimes I would hear him saying that he lost this big amount of money. We all tried to tell him to slow down but I think no one can stop him from his madness. The owners of these sites or casinos are obviously very big guys and then we end up dishing out the little we have for them again for the sake of fun or profit or whatsoever we want to call it. Someone people always have this mindset that you can win all the time if you are careful, without realizing that we have all been careful once and if everyone had been careful and winning all the time, a lot of those sites would have closed down the site by now. If we do play gambling we are really indeed careful even on our first bets which we do normally think off that we can really make good money on the site but those expectations are really destined to be broken for sure since we do know gambling on long term basis would end up always on negative profits.If you are lucky enough then you might gain some but dont expect to be big. Mistakes will only be realized after we do experience such consequence. |
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Experience helps us make a better money management plan and limit ourselves with the spending. Another thing the continued involvement will help us make better analysis about the events and and make closer predictions. Altogether experience plays 50% while the rest happens on the luck one holds.
I will agree on this. In trading and investments there are skills and experience that matters mostly. You have to make decisions and you will be sticking to them throughout your way. So either you win or you learn. And this learning will help you to take better decisions. But when you talk about gambling, believe me there is only luck. Luck is dominant over experience. It is crystal clear that gambling is same that is fully dependent on luck and without a good luck, you cannot win even a single penny in gambling. As far as experience and skills are concerned, their role is zero in gambling. Your gambling experience can never help you in winning the game or quitting it on the right time whereas everything is opposite in trading. Trading is not evil or immoral at all like gambling. 0 role on gambling? I dont think so. Come to think off on playing sports betting and some card games. Those games do require good skills and experience for you to take the edge among other players. This is why i do believe this thing do really matter on gambling but yet applicable on some games which do require it but for dice and slot games then this things isnt really need at all. |
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You should learn from your mistake that gambling is not profitable method. The auto bet will make you go bust because the house edge is there which will make you lose everything. In the long run it is the casino owners who make a profit and that is why running a casino is very profitable.
i agree all gambler should learn from their mistalk. gambling is not profitable it is very risky because all gambling sites has house edge only developers can win that games. you should stop gambling if you cant take the risk. Before you start gambling you should know that gambling is not for making money but you need to spend money to get fun and entertainment from these games. If one understands this point then they know how much they need to spend on gambling and will not worry much even though they lose some money in gambling. Luck is very important to earn money from gambling. Luck does always matter in gambling and just like what you said we should really spend on the money that we can afford to lose up so that we wont really be stressed out if we do lose up those amounts.Losing not only on freebitco.in but on all gambling sites will really make you pissed specially when you are longing for profits always on playing gambling. |
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Personally, I like Electric money or Digital currency. Because electric money is so safe and flexible. I love Bitcoin too. Bitcoin is the most secure and safest currency all around the world. But unfortunately, Bitcoin is not legal in our country. For that reason, we can't use Bitcoin freely.
We do really love bitcoin but yet it does really have the limitation which is really sad to think off that we can spend or make use of it since its not still being considered worldwide for which we cant use it directly but yet we do still have the hopes for this thing to happen.Electronic money would surely happen if government would decide to convert into this new way monetary system but complete conversion would really takes time. |
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Deposit 0.1 btc set chance to 2x and bet all on high or low. If you get green then congrats you won 0.1 in just few seconds. Otherwise you will loose all of your deposit money.
This kind of gambling is nothing but wasting your hard earned money because you know that these end results depend only on luck then why you want to bet such a high amount which you don't know whether you will win or not? In this world, no easy money and one should work hard to earn money but if you choose an easy way to earn money then you will be risking your hard earned money. gambling with your luck and take this 50/50 chances i guess its just a wast of your money, if you got the green then for sure you will continue then loses it back and after losing your money you will just stress yourself and think about your mistake for maybe a week or two. There is no thing like 50/50 chance in gambling game because there is always house edge that support each casino. That is why in a long term we will always lose but if we can outcome it then the result will be different. But in this case if OP want to earn 0.1 btc then may be 1 btc on 90% winning chance is the best options and he wont continue it for sure because his target is achieved That's not the best option to earn 0.1btc IMO, there is still 10% chance to lose and you can lose 1btc on your first bet which is not worth to risk 1btc only for 0.1 unless you are ready to lose and you have some other extra btc to recover in case you lose your first bet. I would prefer to bet 0.1btc with 2x payout if I want to do 1 bet only. Double or nothing, if lucky then I win 0.1 , otherwise I will only lose 0.1 then go. Then i would definitely rather choose up on betting 2x multiplier rather than on 90% chance odds.Single bet on 1 btc amount would really give me the pressure to do such thing unlike on betting gradually on 0.1 btc on 2x multiplier would somehow to make the game longer compared on one time 1 btc bet. 2x odds would be good for me and incase of loss you would only lose up 0.1 rather than on 1 btc on 90% chances. |
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What OP is sharing is likely just a coincidence, and will not consistently happen in any more of his games. Gambling is all about luck and there is indeed a possibility that this would happen, but to get it consistently is not possible. If it is something constant then a lot of people would have abused it and bankrupted a lot of casinos. But it has not happened. It is the players losing and not the casinos. This is just indeed a pure coincidence and i am really sure that there are already some people do make use on this kind of method too on using the same stuff on what OP was doing on placing his bets but same as you said this thing wont really be an exploit to the site knowing all results are random theres no patter or any flaws on what would be the results on each hash. |
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We all can lose in gambling and lose our money but shall we stop or try to win back what we lost ?
I know no one like lose of money, but in gambling we usually every day get lose if we play it regularly. But in this situation if we want to recover our lose then we get more lose. May be you are not agree with me but it is my experience, whenever i want to try to recover my lose i got more lose. That's why whenever i get lose then i forget it and start my next bet with a new hope. So i aware you we could stop and win only if we have luck but no chance to recover the lose except luck wise you could. This kind of habit or treatment on gambling would do but yet you are still hoping for your new bet which still can be considered that you do still always aiming for profit.Its much better not too hope but rather do enjoy on what you do play without minding those amounts if they would able to win or not as long we did enjoy on what we are doing then it should really be fine. |
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I think the best way is to travel a while and you must have a good psychology before returning to the trading, this will help you have a better spirit and you will be easy to earn good profit and I always apply this and have made a lot of profit
We have different ways in dealing with our loss but what is necessary only is to learn from our mistakes and make sure we will not do the same mistake again. That's why we are trading because we want to be profitable in trading but success does not come easily, when we are newbie we are prone to mistakes but with our willingness to improve we can be successful in the long run. Right. We might loss some of our investment but we should remember that we gain also something and that is the lesson we have learned. You'll end getting smarter and smarter when you invest means more profit with less losses. This is why we should really treat those loses are just fees you paid for the lesson you would learn.This is on how i do treat my loses so that i wont stress out too much on losing money.Acceptance on your loss is the best part on here because this things will really mold you to be a better trader later on.Ive seen some people do easily give up when they did commit lose of funds. |
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How would you feel if you lost 50 btc after gambling... https://nitrogensports.eu/betslip/92ff9f2dmRCeSttM0U0a1dPZ0tTSDd4OW4vZz09/r/2744 What's the biggest loss you've taken before, and do you have any good coping strategies? I do wonder if it's better or not to express anger or to just try and ignore it as best as possible. Personally I just get angry and yell some swears, but curious how other people react when losing and any tips on coping. In the event that I lost 50 bitcoins in a gamble, then I would inevitably be depressed and reflect on my actions as an individual with priorities. That is primarily the reason why gambling has the potential in destroying your life when it comes to decision making. It creates this endless illusion of you betting and betting again regardless of your winnings or losings. Gambling can never be profitable in the long-run and that link is the living example of it especially when YOU DO NOT KNOW WHEN AND HOW TO STOP gambling. Can you imagine losing something close to 300k dollars in a few hours? I will be devastated, that amount of money is enough in my country to buy several properties, and if you hold for a long time and the price of bitcoin becomes higher that could be enough to retire and never have to work again. Only rich people can gamble so much money like that in few hours and if it's a rich person there is much more money besides the 50 BTCs lost on gambling game. So I think this person wouldn't become mad about it... Probably this person would recover the 50 BTCs really fast with investments or income from any kind of rentable business. We think this is extreme because we don't have much money on our pockets like these big gamblers.  But how rich you need to be to be able to lose 50BTC and not regret even if someone had like 1000BTC losing 50 BTC is still 5% of your whole net worth and that is always going to hurt no matter who you are, so unless that person is a whale then he felt that loss. Yes, but what if he had 100000 bitcoins? Then 50 is meaningless to him even though it is lots of money, and when you see whale gambling with large amount of money(recently i saw 70 btc or something like that in single bet) it can only mean that they are sitting on bags full of bitcoins. And to be honest that is nothing compared to Laszlo's 10000 bitcoin worth pizza. But even if someone is siting in that many coins you cannot sustain a gambling habit like that, if what you said is true then it is impossible for this person to keep holding his original stash of bitcoin at some point even bets of that size are going to begin to hit the size of his bankroll. Even you have thousands of bitcoins and if you betting style would retain on that size then those small amounts will pile up until it would become big and you will be shocked later on that you are losing too much big amount and end up on regretting.If you do have millions of bitcoin then it is still not fine to waste up your money on those kind big bets if we do equate it on the recent price of bitcoin. |
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I learnt from my gambling mistakes by losing money. And i have learnt from different gambling mistakes. One of the example is about playing dice. I have tried to play with different methods and this had caused me to lose some btc. I also then move on to play table games and i lost more.
Actually a common thing that do happen on most people who do play gambling which do normally say that we do learn from our mistakes when we do already experience losing such money.Some would realize but some would sustain and would really live with it which they would decide to continue even more and hoping and chasing their loses and win it back. |
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Of course we would feel happy or satisfied.
And some times we would feel proud of it .
We do feel but that happiness and proudness doesn't come everyday it's really rare for some gambler to make profit so if you make you should surely enjoy that moment take full advantage of it amd try not to gamble again it's also true and of course we feel very happy with the victory we have striven for. because it's not a continuous victory that we get every gamble, because it's we can feel a very satisfying victory If we do won then it would really be a satisfying event which it would somehow boost up our confidence which would really lead up on betting even more and this is really the advantage on having this feeling.We are confidently enough that we can make easy money on gambling but yet those victories of yours are just temporary depending on how lucky you are on that particular day. |
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It will come more and more. He starts having ads for ICOs on premium channels. The democratization of bitcoin will generate more and more communication around the project. Just see the number of articles in the newspaper that has exploded in recent weeks. There is almost one a day in the big dailies
This is really just happening on this days on where cryptocurrencies is already making a buzz on physical world knowing on its recent price increase specially on bitcoin and to tied up on some potential coins like ETH too. They are already making exposure into the media but yet i didnt see any tv ads as of now regarding on bitcoin which i do really have always the doubt that they wont really do such thing. |
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I would still gamble, because gamble for me is for fun. When i feel stress and bored i just want to gamble because it gives relaxation. Because gambling is most known and popular to the people and everywhere in the world, and really excitement activities, that all people wants experience to gamble. Gambling is not for having money earn easily, but its also gives joy and an entertainment. I would still gamble because this is the best for pastimes.
There are a lot of gamblers that are like you they gamble not because of money but because of the fun they get when gambling. And I think gambling was created long ago for entertainment and having profit is only a bonus to make it more interesting and make people get addicted to it. If you do play gambling for prolonged hours on daily basis then it will really put you on the possibility on getting addicted it on longer runs.Gambling should really be treated as an entertainment rather than on thinking off on making it as a source of income.When we do say about if money isnt a problem then people would depend if they would spend their money on gambling or not. |
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as far as i am concerned, trading is not gambling . It is true that the risks and the possibilities of winning are similar, that you might get rich if everything goes okay as you can in one second lose everything , but trading is a job , it doesn’t depend on just luck and you have to work hard for it. the difference between trading and gambling is both the amount of effort and investment put into trading.
Risk and possibilities on trading and gambling isnt really similar at all but they are both ways on earning money but the risk level factor isnt really the same.Trading would only be just considered as gambling if you dont have knowledge on doing it and yes gambling would really rely on luck which on trading it doesnt since skills would really matter on this one. Gambling cannot be learnt while trading can be and risk is involved in every profession or game. Both are poles apart in their nature. Indeed both involve risk and depend upon future predictions but a trading expert can beat his difficulties by communication or rather persuading skills. This is what trading is all about, buy stuff in low price, sell in high while gambling is putting money on the machine or some other player. They are really poles apart when it comes into its nature which is actually true and we do know trading can really give the lifetime opportunity for us to be profitable on forever once we do know on how to be profitable on it.Loses cant really avoided but somehow can be managed and can be lessen. Trading would really be like gambling if you trade without any knowledge. |
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Hi,
I just got started with trading and am confused about why the open and close are so different from the variation in price over a given range. The open and close give the candle stick its body size based on which a lot of people call it different names. But what makes those two instants so different from the normal price variation like in a bar chart?
When you are pertaining on candlesticks then this link might help you out. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks . Usually candle stick charts being used when you are really pertaining on closing and opening prices and in my opinion i do easily read up when it is being showed on candle form than on bars. |
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as far as i am concerned, trading is not gambling . It is true that the risks and the possibilities of winning are similar, that you might get rich if everything goes okay as you can in one second lose everything , but trading is a job , it doesn’t depend on just luck and you have to work hard for it. the difference between trading and gambling is both the amount of effort and investment put into trading.
Risk and possibilities on trading and gambling isnt really similar at all but they are both ways on earning money but the risk level factor isnt really the same.Trading would only be just considered as gambling if you dont have knowledge on doing it and yes gambling would really rely on luck which on trading it doesnt since skills would really matter on this one. |
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He talked about the small investment which .01 bitcoin is still $10 now look where it is now. Ask again do small investment matter?  Given the fact that bitcoin price always goes up. Even just a small amount could grew like crazy and dont convert it to dollar for now. Just let it be bitcoin and you will feel the profit of it after some time. When it comes to investment then it would really be worth and infact 0.01 now isnt already $10 which we can see back in the past an now it is almost $60 which we can really feel the profit if we do hold it for some time.Either you would decide to put up on site investments or just by simply holding it.Having small investment is always better than have nothing at all. |
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Most of the players stays in negative profit as the time passes. In long term house always wins. However there are some lucky users who knows how to make profit and cashout on time. They don't let their greed to take over their decisions they make. I am almost around 17 btc down in different gambling sites.
I think you're right! Most of gamblers stay in negative profit. First, because gambling is risky and second, because they start to be greedy. I think Pro gamblers had a many rules to follow when we talk about gambling, They have a big exeperience in this domain, furthermore, they know exactly the right time to gamble and the exact bet that they do, so the chance of win is too big compared to a normal gambler. Yes most of the gamblers experienced negative profit only few experience gamblers can have this kind of green profit. And to withdraw green profit, we have to be professionals in gambling. Even I also not withdraw any green profit till today let's see in future that time will come or not. Professionalism in gambling would only possible on some games but most of the time we do really lose up in the end this is why green profit is really less compared on red losses.If we do try to see the ratio of winners and losers then we would really see the difference which means happiness of green profits is really just on temporary basis. If really want to see a green profit, then set a high winning chance rate for your roll so that most of your bets are on green. Honestly speaking, for playing dice game for a year. Having red is always happened. The most important thing is to aim on wining greater than what you lose by using same and constant bankroll in every game. So far I'm on profit abouy 3BTC when I decided to quit. Gamblers do really have the common aim or target which is to be profitable and seeing on your situation then you are hell of a lucky fella did able to make 3 BTC profits before you do tend to quit.In my case im still on negative profits as of now but well its just fine since those money have been lose are really destined to go in there because those are just spare money i do have which is already allocated for leisure purposes. |
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Just like it's nothing special when the price was sitting at around the $4700 level, and people were speculating about when $5000 would be broken, it similarly is nothing special when $6000 gets broken this month. People shouldn't forget that we're only 5% away from breaking through the $6000 level, so it's nothing more than a statistical achievement if it does turn out to happen. The aim should be much higher from this point -> $10,000 and up is the only interesting thing for us to focus on right now. I want to see five figure levels, and nothing else - everything below that is just a joke. Let us move past the Segwit2x fork, and we'll be there without any problems somewhere in 2018.
People will normally speculate as near as possible regarding on the price.Most people did speculate on when we would really break that 5k barrier and it did really break and now next target will be $6k which is really reachable as of now we are heading right now but still cant be sure because we might able to see again on having a resistance on $5.9k. No one really knows but one things for sure bitcoin will really surprise us anytime on its price either on low or highs. |
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Most of the players stays in negative profit as the time passes. In long term house always wins. However there are some lucky users who knows how to make profit and cashout on time. They don't let their greed to take over their decisions they make. I am almost around 17 btc down in different gambling sites.
I think you're right! Most of gamblers stay in negative profit. First, because gambling is risky and second, because they start to be greedy. I think Pro gamblers had a many rules to follow when we talk about gambling, They have a big exeperience in this domain, furthermore, they know exactly the right time to gamble and the exact bet that they do, so the chance of win is too big compared to a normal gambler. Yes most of the gamblers experienced negative profit only few experience gamblers can have this kind of green profit. And to withdraw green profit, we have to be professionals in gambling. Even I also not withdraw any green profit till today let's see in future that time will come or not. Professionalism in gambling would only possible on some games but most of the time we do really lose up in the end this is why green profit is really less compared on red losses.If we do try to see the ratio of winners and losers then we would really see the difference which means happiness of green profits is really just on temporary basis. |
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